Scarcity reduces the producer's ability to manufacture a limitless number of goods, thus limiting output.
<h3>What is the production process?</h3>
Producers may have to make the difficult decision of which product to prioritize for manufacture out of a variety of items using limited resources.
Overall, a lack of resources or manufacturing inputs results in a smaller number of goods or services available on the market, which has an impact on customers by forcing them to make difficult purchasing decisions.
Therefore, when something is scarce, more people want it than can be supplied.
Learn more about, scarcity, here:
brainly.com/question/28154985
#SPJ1
Answer:
standing
Explanation:
Standing -
It refers to the situation , when the party who has filed the complaint on the court is not able to show any proof for the case filed , is referred to as standing .
It refers to the type of some medical report , any eye witness ,or any clue or proof against the other party , can be provided to the court .
Hence , from the given scenario of the question ,
The correct term is standing .
Investments, Savings, and Expenses are the three basic strategies, which can help a person take better and efficient financial decisions on a personal level.
<h3>What are better financial decisions?</h3>
- The strategies to choose the investments in different assets and debt classes will enable a person to increase his chances of gaining better financial returns.
- The amount of money, a person decides to save for any future requirements will help him out of the financial crises that may take place in his life.
- The strategy on where to spend and where not to spend will help a person have more disposable income to fulfill the financial needs in the future.
Hence, the strategies for taking better financial decisions are as aforementioned.
Learn more about financial decision here:
brainly.com/question/19502030
#SPJ1
